Stellar (XLM) Unveils Flexible Data Platform for Improved Data Accessibility

At Extreme Investor Network, we are excited to share the latest news from the world of cryptocurrency and blockchain technology. Today, we are thrilled to announce that Stellar (XLM) has unveiled its revolutionary Composable Data Platform, which is set to transform data access and distribution across its blockchain network.

The State of the World
Currently, the Stellar Development Foundation (SDF) operates two primary products for data mediation on the Stellar blockchain: Horizon and Hubble. While these products have supported small-scale development and experimentation, their monolithic nature presents several challenges. One key issue is the limited flexibility, which forces providers to either adopt SDF’s data model or develop their own integration, a time-consuming process that requires specialized knowledge.

Related:  The Impact of the Week's Economic News on the Fed's Decision-making

Challenges and Solutions
To promote a decentralized network, it is essential to distribute data storage and access across a wider range of ecosystem participants. The launch of Soroban and changes in SDF Horizon’s data retention policies have sparked interest in providing network data as a service. However, integrating and serving Stellar data quickly is difficult with the current infrastructure.

The Composable Data Platform
Stellar’s Composable Data Platform seeks to address these challenges by offering a more flexible and decentralized approach. This platform will enable analytics providers, infrastructure providers, and indexers to easily access and distribute network data without extensive customization or independent development.

Future Prospects
The introduction of the Composable Data Platform represents a significant milestone towards a more decentralized and efficient data ecosystem on Stellar. By facilitating easier data access and distribution, Stellar aims to support a wider range of applications and use-cases, driving innovation and growth within its network.

Related:  CEO of Fantom (FTM) Foundation Unveils Ambitious Strategies for Sonic's Launch and Ongoing Growth

Stay Updated with Extreme Investor Network
For more in-depth insights into the architecture, goals, and capabilities of the Composable Data Platform, be sure to follow the series of articles published by Stellar. At Extreme Investor Network, we strive to provide unique and valuable information on the latest trends in the crypto and blockchain space. Join us on our platform to stay ahead in the world of digital investments.

(Image source: Shutterstock)

Source link